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Fincash » SBI Small Cap Fund Vs HDFC Small cap Fund

SBI Small Cap Fund Vs HDFC Small Cap Fund

Updated on January 20, 2020 , 7403 views

SBI Small Cap Fund and HDFC Small Cap Fund both form part of small-cap Mutual Fund schemes. Small cap funds are the ones who invest their corpus in shares of companies having corpus amount of less than INR 500 crores. Small Cap means 251st company onwards in terms of full market capitalization. These schemes have a high-risk and are considered good income earners in the long-run. Small-cap schemes generally have a low share price thereby; individuals can purchase larger quantities of these shares. Though both SBI Small Cap Fund Vs HDFC Small cap Fund belong to the same category yet; they differ on various parameters such as NAV, performance, and so on. So, let us understand the differences between both the schemes.

SBI Small Cap Fund (Erstwhile SBI Small & Midcap Fund)

SBI Small Cap Fund (earlier known as SBI Small & Midcap Fund) was launched in the year 2013. The fund seeks to provide investors with a long-term capital growth along with the liquidity of an open-ended scheme by Investing in a well-diversified basket of equity stocks of small cap companies. As an investment strategy, the SBI Small Cap Fund follows a blend of growth and value style of investing. The scheme uses S&P BSE Small Cap Index as its benchmark. The current fund manager of the scheme is R Srinivasan. Some of the top holdings of the scheme as on 31/05/2018 are CCIL-Clearing Corporation of India Ltd (CBLO), Westlife Development LTD, Kirloskar Oil Engines Ltd, Hawkins Cookers Ltd, etc.

HDFC Small Cap Fund

HDFC Small Cap Fund is an open-ended Mutual Fund scheme offered by HDFC Mutual Fund under small cap category. This scheme was launched on April 03, 2008. The objective of the scheme is to generate capital growth in the long-term by primarily investing in shares of small-cap companies. The scheme uses NIFTY Small Cap 100 as its benchmark index to construct its portfolio. It also uses NIFTY 50 as an additional index. The fund managers managing the HDFC Small Cap Fund are Mr. Chirag Setalvad and Mr. Rakesh Vyas. As on June 30, 2018, some of the top holdings of HDFC Small Cap Fund’s portfolio consisted of NIIT Technologies, Aurobindo Pharma, Firstsource Solutions, Sharda Cropchem, etc.

SBI Small Cap Fund Vs HDFC Small Cap Fund

Though both SBI Small Cap Fund and HDFC Small cap Fund belong to the same category of small-cap funds yet, there exists differences between both the schemes. So, let us understand the differences between both the schemes that are divided into four sections, namely- Basics Section, Performance Section, Yearly Performance Section, and Other Details Section.

Basics Section

The basics section is the first one in the comparison of both the schemes. The parameters that form part of this scheme includes scheme category, Fincash Ratings, and Current NAV. To begin with the scheme category, it can be said that both the schemes belong to the same category, that is, equity small-cap. With respect to Fincash Ratings, it can be said that HDFC Small cap Fund is rates as 4-Star Fund, whereas SBI Small Cap Fund is rated as 5-Star Fund. Coming to the comparison of Net Asset Value, the NAV of HDFC Small Cap Fund as on 19th July, 2018 was INR 42.387, and the NAV of SBI Small Cap Fund was INR 49.9695. The table given below summarizes the comparison of both the schemes.

Parameters
BasicsNAV
Net Assets (Cr)
Launch Date
Rating
Category
Sub Cat.
Category Rank
Risk
Expense Ratio
Sharpe Ratio
Information Ratio
Alpha Ratio
Benchmark
Exit Load
SBI Small Cap Fund
Growth
Fund Details
₹56.2415 ↑ 0.11   (0.19 %)
₹3,156 on 31 Dec 19
9 Sep 09
Equity
Small Cap
4
Moderately High
2.57
0.24
1.34
10.09
Not Available
0-1 Years (1%),1 Years and above(NIL)
HDFC Small Cap Fund
Growth
Fund Details
₹40.597 ↓ -0.07   (-0.17 %)
₹9,232 on 31 Dec 19
3 Apr 08
Equity
Small Cap
9
Moderately High
2.19
-0.72
0.91
-3.61
Not Available
0-1 Years (1%),1 Years and above(NIL)

Performance Section

The performance section compares the Compounded Annual Growth Rate or CAGR between both the schemes. This CAGR is compared at different time intervals, namely, 3 Month Return, 6 Month Return, 3 Year Return, 5 Year Return, and Return Since Inception. A holistic comparison of both the schemes shows that both the schemes have performed differently. In some instance SBI Small Cap Fund has performed better, while in some cases HDFC Small Cap Fund has performed well. The summary comparison of performance section is tabulated as follows.

Parameters
Performance1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Since launch
SBI Small Cap Fund
Growth
Fund Details
5.4%
7.7%
14%
14.4%
15%
13.2%
18.1%
HDFC Small Cap Fund
Growth
Fund Details
6.8%
4.4%
2.4%
-3.5%
10.8%
9%
12.6%

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Yearly Performance Section

This section deals with the absolute returns generated by both the funds in each year. In this case, we can see that there is a difference in the performance of both the schemes. In many situations, SBI Small Cap Fund has performed better than HDFC Small Fund. The yearly performance of both the funds is tabulated as follows.

Parameters
Yearly Performance2018
2017
2016
2015
2014
SBI Small Cap Fund
Growth
Fund Details
6.1%
-19.6%
78.7%
1.3%
20.6%
HDFC Small Cap Fund
Growth
Fund Details
-9.5%
-8.1%
60.8%
5.4%
6.4%

Other Details Section

This is the last section in the comparison of both the funds. In this section, the parameters such as AUM, Minimum SIP and Lumpsum Investment, and Exit Load are compared. To begin with the minimum SIP investment, both the schemes have the same monthly SIP amounts, i.e., INR 500. Similarly, in case of minimum lumpsum investment, the amount for both the schemes are same i.e, INR 5,000. Coming to the AUM, the AUM of HDFC Small Cap Fund as on 30th June 2018 was INR 4,143 crores and the AUM of SBI Small Cap Fund was INR 792 crores. The table given below summarizes the other details for both the schemes.

Parameters
Other DetailsMin SIP Investment
Min Investment
Fund Manager
SBI Small Cap Fund
Growth
Fund Details
₹500
₹5,000
R. Srinivasan - 5.96 Yr.
HDFC Small Cap Fund
Growth
Fund Details
₹500
₹5,000
Chirag Setalvad - 5.27 Yr.

Growth of 10k Investments over the years

Growth of 10,000 investment over the years.
SBI Small Cap Fund
Growth
Fund Details
DateValue
31 Dec 14₹10,000
31 Dec 15₹12,056
31 Dec 16₹12,212
31 Dec 17₹21,818
31 Dec 18₹17,537
31 Dec 19₹18,606
Growth of 10,000 investment over the years.
HDFC Small Cap Fund
Growth
Fund Details
DateValue
31 Dec 14₹10,000
31 Dec 15₹10,642
31 Dec 16₹11,220
31 Dec 17₹18,037
31 Dec 18₹16,580
31 Dec 19₹15,006

Detailed Assets & Holdings Comparison

Asset Allocation
SBI Small Cap Fund
Growth
Fund Details
Asset ClassValue
Cash11.11%
Equity88.42%
Other0.47%
Equity Sector Allocation
SectorValue
Industrials26.06%
Consumer Cyclical21.63%
Basic Materials11.35%
Consumer Defensive11.02%
Financial Services7.56%
Technology4.11%
Health Care2.35%
Utility2.15%
Energy1.17%
Real Estate0.72%
Communication Services0.14%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Treps
CBLO/Reverse Repo | -
6%₹188 Cr
Hawkins Cookers Ltd (Consumer Cyclical)
Equity, Since 30 Jun 15 | 508486
4%₹128 Cr352,000
Dixon Technologies (India) Ltd (Technology)
Equity, Since 31 Aug 18 | 540699
4%₹125 Cr377,000
JK Cement Ltd (Basic Materials)
Equity, Since 31 Oct 18 | JKCEMENT
4%₹125 Cr1,077,439
Net Receivable / Payable
Net Current Assets | -
4%₹116 Cr
Hatsun Agro Product Ltd (Consumer Defensive)
Equity, Since 31 Jul 17 | 531531
4%₹115 Cr1,980,215
↑ 1,101,115
Tube Investments of India Ltd Ordinary Shares (Consumer Cyclical)
Equity, Since 31 Jan 19 | 540762
4%₹108 Cr2,300,000
Relaxo Footwears Ltd (Consumer Cyclical)
Equity, Since 30 Nov 13 | 530517
3%₹105 Cr1,800,000
NIIT Ltd (Consumer Defensive)
Equity, Since 30 Apr 19 | 500304
3%₹100 Cr9,452,213
Carborundum Universal Ltd (Industrials)
Equity, Since 31 May 19 | 513375
3%₹93 Cr2,819,018
↑ 186,443
Asset Allocation
HDFC Small Cap Fund
Growth
Fund Details
Asset ClassValue
Cash11.69%
Equity88.31%
Equity Sector Allocation
SectorValue
Industrials18.76%
Consumer Cyclical17.93%
Technology11.54%
Basic Materials11.28%
Financial Services10.42%
Health Care7.12%
Communication Services5.27%
Utility2.14%
Consumer Defensive1.84%
Energy1.55%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Treps - Tri-Party Repo
CBLO/Reverse Repo | -
8%₹742 Cr
NIIT Technologies Ltd (Technology)
Equity, Since 31 Jul 14 | 532541
3%₹288 Cr1,932,000
Sonata Software Ltd (Technology)
Equity, Since 31 Oct 17 | 532221
3%₹275 Cr8,857,000
DCB Bank Ltd (Financial Services)
Equity, Since 30 Apr 19 | 532772
3%₹253 Cr13,906,886
INOX Leisure Ltd (Communication Services)
Equity, Since 31 Jul 18 | 532706
3%₹237 Cr6,597,000
Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 30 Sep 15 | 500850
3%₹228 Cr15,261,167
↑ 860,000
Balkrishna Industries Ltd (Consumer Cyclical)
Equity, Since 30 Nov 18 | BALKRISIND
2%₹222 Cr2,400,000
↓ -283,447
Chalet Hotels Ltd (Consumer Cyclical)
Equity, Since 28 Feb 19 | 542399
2%₹219 Cr6,180,597
The Federal Bank Ltd (Financial Services)
Equity, Since 31 Jan 17 | FEDERALBNK
2%₹215 Cr24,189,317
Finolex Industries Ltd (Industrials)
Equity, Since 31 Oct 18 | FINPIPE
2%₹209 Cr3,599,682

Therefore, from the above pointers, it can be said that both the schemes exhibit different attributes with respect to different parameters. However, when it comes to investing, it is always advisable that people should go through the scheme’s modalities completely before doing the actual investment. Additionally, they should also check whether the scheme’s approach is in-line with your investment objective. To get further clarification, you can even consult a financial advisor. This will help you ensure that your investment is safe as well as it paves way for wealth creation.

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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